Kraft Heinz sells Planters brand to Hormel Foods
Hormel Foods is going nuts. The Austin, Minn.-based company, known for its meat brands like Spam and Applegate, said today it is buying the Planters…
AP Wire
US jobless claims fall slightly to 793,000 with layoffs high
WASHINGTON — The number of Americans seeking unemployment benefits fell slightly last week to 793,000, evidence that job cuts remain high despite a substantial decline…
Shell says its oil output peaked, speeds up emission cuts
LONDON — Global energy company Shell said it plans to eliminate seven refineries and reduce production of gasoline and diesel fuel by 55% during the…
Restaurant Brands: 4th quarter earnings snapshot
TORONTO — Restaurant Brands International today reported fourth-quarter net income of $91 million. The Toronto-based company said it had profit of 30 cents per share….
Taxing time: How the pandemic will affect filing your taxes
The pandemic has made everything a bit trickier — tax filing season is no exception. The whole process is starting a bit later this year…
US consumer prices up 0.3% in January, led by energy spike
WASHINGTON — U.S. consumer prices rose 0.3% in January, led by a surge in energy. Though the gain was the biggest monthly increase since July,…
GM 2020 profit drops, but it makes $6.43 billion despite pandemic
DETROIT — General Motors’ profit fell 4.5% in 2020, but a strong second half more than offset the effects of pandemic-related factory closures and a…
Resurgent virus slows recovery at Coca-Cola
A resurgent coronavirus slowed Coca-Cola’s recovery in the fourth quarter, and the company said the slump has continued into this year. The company did issue…
Bezos and Bloomberg among top 50 U.S. charity donors for 2020
As the world grappled with COVID-19, a recession and a racial reckoning, the ultrawealthy gave to a broader set of causes than ever before —…
UK says post-Brexit relations with EU bumpy amid border woes
LONDON — Britain’s chief Brexit minister said today that relations between the United Kingdom and the European Union have suffered from turbulence since their economic…